Cork, Ireland, 16 July 2021 – Akeero, a cloud security platform, today announced that it has raised $1.2m in a pre-seed funding round led by Frontline Ventures. Truesight Ventures, Tiny VC, Capitoria and Oyster Capital Investments also participated in the round.
Founded in 2020, Akeero allows companies ship products quicker and more securely by taking a developer-led approach to security. An intuitive UI enables users to quickly model their infrastructure and provides immediate fixes which can be easily implemented. This ensures security is considered from the very start of the development process and saves valuable time and effort. Akeero aims to be as embedded in the software development lifecycle as GitHub.
To combat the increased level of threats experienced from the accelerating complexity of adopting a “cloud-first” strategy, Akeero is codifying the security architect’s knowledge and building a platform to allow the entire product team to become a stakeholder in the security lifecycle. Using an extensive library of threats and controls, the platform automates the identification and mitigation process in real-time to offload the time-consuming manual efforts experienced by a specialist security practitioner.
“In many organisations secure design practices are completed far too late in the development process, which leads to the costly retrospective addition of security controls. Our research shows that 86% of product development teams do not consider security in the design phase of their project. The need to embed secure design practices more efficiently and consistently will be a top priority for companies looking to innovate post-pandemic.” said Ciaran O’Keeffe, co-founder and CEO of Akeero.
“Cloud architectures rarely remain static and their flexibility is a huge advantage in so many ways. However, many organisations struggle to identify the security implications of continuous changes. We wanted to break this linear ‘only-done-once and quickly outdated’ approach to security design, and instead enable teams to have the most up-to-date and relevant security requirements for their environments,” continued O’Keeffe.
Speaking on the announcement Finn Murphy, Partner at Frontline Ventures said: “As cloud infrastructure becomes more complex, the world of threats that companies are exposed to is growing exponentially. There simply aren’t enough security architects in the world today to meet demand. Akeero will give every engineering team the ability to understand the threats they’re exposing themselves to and mitigate those threats through smart infrastructure design and monitoring.”
Akeero will use the additional capital to accelerate product development and market penetration and fund recruitment in engineering and operations, to ensure teams can deliver secure apps and networks better, faster.
Founded in 2020 by ex-Logitech and Forcepoint security architect Ciarán O’Keeffe, ex-Bank of Ireland, Logitech and Forcepoint security engineer Anthi Gilligan and ex-KPMG and Spanish Point Technologies finance and operations executive Stuart Cameron.
About Frontline Ventures
Frontline Ventures is the firm for globally ambitious B2B businesses on both sides of the Atlantic. Frontline Seed strengthens and speeds up ideas at inception across Europe. Frontline X is a growth-stage fund, for fast and frictionless US-Europe expansion.
Frontline Ventures has backed 70+ B2B entrepreneurs across Europe and the US and has had numerous successful exits. Today, Frontline Ventures has €250 million funds under management, with offices in London, Dublin and San Francisco.